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Scholastic Corp. (SCHL) Broke Out To A New High After Q3 Report

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Scholastic Corp. (SCHL: Quote) reported a third quarter net loss of $0.10 per share Thursday morning, compared to the loss of $0.81 per share last year. The consensus estimate was for an EPS loss of $0.70. The company expects to report full year 2012 earnings per share from continuing operations between $2.60 and $2.90.

Scholastic gapped up sharply Thursday, but traded in a range for the bulk of the session. The stock closed up by 4.16 at $36.36 on the highest volume of the year. Scholastic broke out past resistance and set a new high for the year.

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by RTT Staff Writer

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